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You Can’t Use a Trillion-Dollar Coin — CoinDesk

You Can’t Use a Trillion-Dollar Coin — CoinDesk

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So, sure, it’s completely authorized for the Secretary of the Treasury to get up someday feeling daring and instruct the U.S. Mint to create a trillion-dollar platinum coin. The debt ceiling wouldn’t be raised – solely Congress can do this. Still, minting a coin is completely different from issuing debt, like authorities bonds, so the general public debt wouldn’t instantly develop. Problem solved, proper?

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